Report Update Nov 1, 2024

Central Asia - Beeswax - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Beeswax Market 2024

Beeswax Market Size in Central Asia

In 2022, the Central Asian beeswax market decreased by -21% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then declined sharply in the following year.

Beeswax Production in Central Asia

In value terms, beeswax production expanded significantly to $X in 2022 estimated in export price. In general, production posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 46%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Kyrgyzstan (X tons) constituted the country with the largest volume of beeswax production, comprising approx. 99% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Kyrgyzstan stood at +1.6%.

Beeswax Exports

Exports in Central Asia

In 2022, beeswax exports in Central Asia fell remarkably to X kg, with a decrease of -76.7% compared with 2021 figures. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 318% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, beeswax exports shrank remarkably to $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 754%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kyrgyzstan was the largest exporting country with an export of around X kg, which recorded 71% of total exports. It was distantly followed by Uzbekistan (X kg), constituting a 28% share of total exports.

Exports from Kyrgyzstan decreased at an average annual rate of -12.9% from 2012 to 2022. At the same time, Uzbekistan (+19,900.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +19,900.0% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by +28 percentage points.

In value terms, Kyrgyzstan ($X) remains the largest beeswax supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan totaled -11.2%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, which is down by -21.5% against the previous year. In general, the export price saw a mild slump. The most prominent rate of growth was recorded in 2020 when the export price increased by 514% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+2.0%).

Beeswax Imports

Imports in Central Asia

In 2022, the amount of beeswax imported in Central Asia shrank markedly to X tons, with a decrease of -73.6% on the previous year's figure. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 2,019%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, beeswax imports fell dramatically to $X in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of 3,358%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Uzbekistan dominates imports structure, recording X tons, which was near 98% of total imports in 2022. Kazakhstan (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to beeswax imports into Uzbekistan stood at -6.9%. At the same time, Kazakhstan (+18.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +18.5% from 2012-2022. While the share of Uzbekistan (+98 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-31.7 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported beeswax in Central Asia, comprising 92% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan amounted to -14.3%.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, dropping by -8.6% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2015 when the import price increased by 72%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in Central Asia?

The countries with the highest volumes of beeswax consumption in 2021 were Uzbekistan, Kyrgyzstan and Kazakhstan, with a combined 100% share of total consumption.

What are the largest producers of beeswax in Central Asia?

The country with the largest volume of beeswax production was Kyrgyzstan, accounting for 100% of total volume.

What are the leading suppliers of beeswax in Central Asia?

In value terms, Kyrgyzstan remains the largest beeswax supplier in Central Asia.

What are the leading importers of beeswax in Central Asia?

In value terms, Uzbekistan constitutes the largest market for imported beeswax in Central Asia, comprising 74% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 25% share of total imports.

What is the average export price for beeswax in Central Asia?

In 2021, the beeswax export price in Central Asia amounted to $7,990 per ton, dropping by -40.6% against the previous year.

What is the average import price for beeswax in Central Asia?

The beeswax import price in Central Asia stood at $2,730 per ton in 2021, rising by 26% against the previous year.

This report provides an in-depth analysis of the beeswax market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1183 - Beeswax

Country coverage:

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Central Asia, split by region and country
Trade (exports and imports) in Central Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Producing Animals, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Producing Animals, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Producing Animals, By Country, 2023
25. Producing Animals, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023